US politician Shannon Bray remains optimistic about the Shiba Inu cryptocurrency and underscores its relationship with Ethereum. In a recent Twitter post, the influential politician delves into the progress of Shiba Inu (SHIB) and its connection to Ethereum (ETH). By sharing screenshots of price graphs for both SHIB and Ethereum, Bray draws attention to an intriguing trend where SHIB deviates from its typical correlation with ETH.
Bray maintains that SHIB and ETH usually move in tandem, implying that their prices generally correlate. Nevertheless, the politician expresses his optimism for this token by emphasizing his enthusiasm when SHIB demonstrates autonomous growth, detaching itself from Ethereum’s performance.
The use of price graphs as supporting evidence further underscores Bray’s ongoing confidence in Shiba Inu’s prospects. It is worth noting that yesterday, the US politician encouraged the SHIB community to continue tweeting about SHIB, aiming to sustain the momentum amidst the recent market recovery.
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In a separate discussion, Shannon Bray emphasized the extensive accessibility of SHIB, highlighting its inclusion on Robinhood, a widely used trading platform, as well as its availability on all major exchanges.
Bray asserted that this level of accessibility distinguishes Shiba Inu from other popular cryptocurrencies. He implies that during periods of market volatility, the SHIB community effectively navigates the fluctuations by harnessing the collective strength of their community and the widespread adoption of the coin.
In a conclusive statement, the candidate for North Carolina governor highlighted Shiba Inu’s current position as the 17th largest cryptocurrency based on market capitalization. Notably, Shiba Inu had temporarily dropped to the 19th position last week when its market cap fell below $4 billion. However, SHIB has since surpassed Avalanche (AVAX) and Wrapped Bitcoin, reclaiming a market cap of $4 billion.